Bloomberg
JPMorgan Chase & Co. (JPM)’s deal to sell 1 Chase Manhattan Plaza to Fosun (656) International Ltd. would be the largest purchase of a New York building by a Chinese buyer, showing Asian investors’ growing appetite for U.S. real estate.
Shanghai-based Fosun, run by billionaire Guo Guangchang, agreed to buy the 60-story lower Manhattan tower for $725 million, according to a statement filed to Hong Kong’s stock exchange. The 2.2 million-square-foot (204,000-square-meter) steel skyscraper was completed in 1961.
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Lucas 2012 Infos 